Members Achieve More isn't just a tagline for us, it's part of everything we do! We're looking for passionate individuals to join our team to help us maintain that focus every day. Want to work somewhere that's remained strong for 90 years, that encourages you to learn, grow, and pursue your dreams? If yes, then read on...
The Financial Analyst III is a multifaceted role that encompasses various financial responsibilities, including daily cash management, financial risk management, profitability, forecasting and strategic portfolio management. This position also involves conducting ad hoc research projects, providing operational assistance to the Strategic Finance team, and providing financial insights to be used for strategic decision making.
Performs work under minimal supervision. Handles complex issues and problems and refers only the most complex issues to higher-level staff. Possesses comprehensive knowledge of subject matter. Provides leadership, coaching, and/or mentoring to a subordinate group. May act as a lead or first-level supervisor.
Schedule: Monday - Friday, 8:30am -4:30pm.
This position will be a hybrid model both in person and remote with minimum of onsite expectation of 40% or as needed.
In this position, you will
- Forecasting & Stress Testing: Partner with the Balance Sheet Strategy team to model balance sheet forecasts and scenarios. Assist in the development, planning, and coordination of the capital planning and stress testing program aligned with regulatory requirements, and address gaps as needed.
- Financial Risk Management: Evaluate and monitor PSECU’s strategic financial risk profile including interest rate risk, liquidity risk, concentration risk, credit risk and risk to net worth.Gather data, maintain assumptions, make recommendations, and produce advanced monthly ALM (Asset Liability Management) reporting. Prepare and deliver effective ALCO presentations, attend meetings, and prepare minutes to document committee actions.Demonstrate a strong understanding of regulatory risk requirements and reporting.
- Cash Management: Provide back-up and perform daily cash management functions to ensure sufficient liquidity for daily operations. Monitor and forecast daily cash flows. Make recommendations for improvement or optimization to the Director of Treasury & Financial Modeling. Send wire transfers to fund cash accounts and meet credit union obligations.
- Strategy Execution & Monitoring: Assist with executing the credit union’s balance sheet strategy. Assist with the settlement of investment and loan purchases or sales.Evaluate the impact of business decisions on PSECU’s balance sheet risk profile and ensure risk measures remain within policy limits.
- Affirmation: Conduct look back analysis of business decisions on PSECU’s financial risk profile (i.e. interest rate risk, liquidity risk, concentration risk, credit risk, risk to net worth), and develop new strategies to optimize PSECU’s performance in the future.Assist with developing, testing, and documenting the rationale for key model assumptions and make recommendations to the Director of Treasury & Financial Modeling for modifications/enhancements.Lead third party ALM model verifications and risk assessments.
- Governance: Provides strategic leadership by managing the MALCO and BALCO processes, external auditor relationships, coordinating with third parties, presenting outcomes, and delivering insightful, easy-to-understand commentary to stakeholders.
- Other duties as assigned.
Qualifications: Required & Preferred
BS: Finance